Equity Residential (NYSE:EQR) Receives $70.80 Consensus Price Target from Analysts

Shares of Equity Residential (NYSE:EQR) have been assigned a consensus rating of “Hold” from the twenty-three analysts that are presently covering the firm, Marketbeat.com reports. Fourteen investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $70.80.

A number of analysts recently issued reports on the company. Evercore boosted their price objective on Equity Residential from $70.00 to $71.00 in a research note on Monday, June 8th. Cantor Fitzgerald raised their target price on Equity Residential from $64.00 to $66.00 and gave the stock a “neutral” rating in a research note on Monday, May 4th. Royal Bank Of Canada lowered Equity Residential from an “outperform” rating to a “sector perform” rating and lifted their target price for the company from $69.00 to $70.00 in a report on Monday, June 8th. UBS Group upped their price target on Equity Residential from $71.00 to $73.00 and gave the company a “buy” rating in a research report on Thursday, May 14th. Finally, JPMorgan Chase & Co. increased their price target on shares of Equity Residential from $71.00 to $72.00 and gave the stock a “neutral” rating in a report on Tuesday, May 5th.

Institutional Trading of Equity Residential

Institutional investors and hedge funds have recently bought and sold shares of the company. Fulcrum Asset Management LLP purchased a new stake in shares of Equity Residential in the third quarter worth $27,000. Rosenberg Matthew Hamilton grew its position in Equity Residential by 69.2% during the fourth quarter. Rosenberg Matthew Hamilton now owns 440 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 180 shares in the last quarter. Zions Bancorporation National Association UT grew its position in Equity Residential by 375.2% during the fourth quarter. Zions Bancorporation National Association UT now owns 480 shares of the real estate investment trust’s stock worth $30,000 after buying an additional 379 shares in the last quarter. DV Equities LLC bought a new position in Equity Residential in the 4th quarter worth about $30,000. Finally, Harvest Fund Management Co. Ltd bought a new position in Equity Residential in the 3rd quarter worth about $31,000. 92.68% of the stock is currently owned by hedge funds and other institutional investors.

Equity Residential Stock Up 2.4%

Equity Residential stock opened at $69.86 on Friday. The firm has a 50 day simple moving average of $66.95 and a 200 day simple moving average of $63.71. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 0.77. Equity Residential has a 1-year low of $57.57 and a 1-year high of $71.50. The firm has a market capitalization of $26.19 billion, a price-to-earnings ratio of 27.95, a P/E/G ratio of 5.42 and a beta of 0.74.

Equity Residential (NYSE:EQR) last posted its earnings results on Tuesday, April 28th. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.09). Equity Residential had a return on equity of 8.57% and a net margin of 30.63%.The company had revenue of $779.85 million for the quarter, compared to analysts’ expectations of $781.79 million. During the same quarter in the prior year, the company earned $0.95 EPS. The company’s revenue was up 2.5% on a year-over-year basis. Equity Residential has set its FY 2026 guidance at 4.020-4.140 EPS and its Q2 2026 guidance at 0.980-1.020 EPS. On average, analysts predict that Equity Residential will post 4.09 earnings per share for the current year.

Equity Residential Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Monday, June 29th were issued a dividend of $0.7025 per share. This represents a $2.81 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend was Monday, June 29th. Equity Residential’s dividend payout ratio is 112.40%.

Equity Residential Company Profile

Equity Residential (NYSE: EQR) is a publicly traded real estate investment trust that acquires, develops, owns and operates rental apartment properties. Headquartered in Chicago, the company focuses on delivering professionally managed, market-rate apartment homes and related services to renters. Its operations cover a range of property types, including high-rise and mid-rise assets, with amenities and on-site management designed to support resident retention and occupancy.

The company’s core activities include property acquisitions, development and redevelopment, leasing, and day-to-day property management.